Interdum stultus opportuna loquitur...

Wednesday, August 17, 2005

SleepRant: Oil Getting Stomped...

Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.

In my lament about losing Friday's USRant, I mentioned that the lost fragment of 'sofia' had included...

...talk of how Da Boyz are going to gut new oil longs next week... (i.e., oil will probably finishe next week under $60).

Oil got a pop upwards on Monday, but from there it's been a caning for the sorts of stupid bastards who think that stories about high gas prices on CNBC are an indicator to BUY Crude...not for Rant-ites though.

$60 might be a little way too far below (it's Wednesday afternoon already), but you've got to admit it was a kick-ass call, direction-wise... every opportunity to get set, a little pop for a nice entry... it jsut had everything.

Oh - and the S&P has bounced (of course) - but it has still not risen enough to yield profits on a long trade from the first of yesterday's three divergences.

What do you mean, sleep? I've tried bloody near everything - I'm almost to the point where I will consider exercise.

If you want to know what 'sofia' is, ask Mavro (or any man in a cassock who looks like he's halfway through eating a bear)... Oh what the hell... WISDOM. 'Sofia' is WISDOM.